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Investment Return Calculator

The investment return calculator will provide you the % return and the annualized % return on an investment account, a portfolio, or a single investment. It will retain data for you on your computer so you don’t have to re-enter everything the next time you…

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BC Employer Health Tax (EHT)

Effective January 1, 2019, employers with total annual payroll exceeding $500,000 will have to pay the new Employer Health Tax. Annual payroll includes bonuses, vacation pay, taxable benefits and other taxable payments to employees. Charities and non-profits will pay EHT when total annual payroll exceeds…

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BC Property Taxes

Besides annual property tax on the assessed value of properties, there is property purchase tax when a property changes hands, as well as a foreign buyers’ tax, which is an additional property purchase tax. There is now an additional school tax for high-value residential properties,…

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Refundable Medical Expense Supplement

If you have employment or self-employment income exceeding $3,566 in 2018, have claimed a disability supports deduction or medical expenses and have family net income less than $51,484, you may be able to claim a refundable amount of up to $1,222. Click below…

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Life in the Tax Lane July 2019

Topics this month: Taxability of virtual currency; Fee restrictions disability tax credit; Interest deductibility; Construction industry info request by CRA re contractor purchases; New housing rebate/primary residence; CRA service standards. Click below to read more: Life in the Tax Lane July 2019 …